'50% of transactions were fraudulent' when Steam accepted Bitcoin for payments

Re:'50% of transactions were fraudulent' when Steam accepted... by mccorrinall on Saturday February 26, 2022 @03:01PM (#30481266)

You currently pay about 10 pennies for a transaction which is included in the next block.

Using Lightning is even cheaper.

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Re:'50% of transactions were fraudulent' when Steam accepted... by CJefferson on Saturday February 26, 2022 @03:45PM (#30481798)

Really, googling around, average transaction fee looks about $1.70? Which is much more than I pay through any other service.

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Re:'50% of transactions were fraudulent' when Steam accepted... by mccorrinall on Saturday February 26, 2022 @10:01PM (#30484943)

Average transaction does not equal a normal human's transaction. Those include arbitrary data being embedded into the blockchain, smart contracts, paying to a lot of recipients (e.g. exchanges batching payments) etc.

Just take a look at the most recent blocks, and check the one to one or one to two transactions. https://blockchair.com/bitcoin/transactions?s=fee_usd(asc)&q...

You will see that those transactions cost ~0.10 USD :)

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